Charah Solutions (NYSE:CHRA) has been assigned a $7.00 target price by Morgan Stanley in a report released on Thursday, TipRanks reports. The brokerage presently has a “buy” rating on the stock. Morgan Stanley’s price target points to a potential upside of 50.86% from the company’s current price.
Several other research firms also recently weighed in on CHRA. Zacks Investment Research upgraded Charah Solutions from a “sell” rating to a “hold” rating in a research report on Monday, April 15th. Bank of America downgraded Charah Solutions from a “buy” rating to an “underperform” rating and set a $7.00 target price on the stock. in a research report on Friday, February 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $9.13.
Shares of NYSE CHRA traded down $0.19 during midday trading on Thursday, hitting $4.64. The stock had a trading volume of 118,300 shares, compared to its average volume of 77,709. The company has a market cap of $119.11 million and a PE ratio of 5.04. Charah Solutions has a 1 year low of $3.95 and a 1 year high of $12.00. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.66 and a quick ratio of 1.43.
Charah Solutions (NYSE:CHRA) last released its earnings results on Wednesday, May 15th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The firm had revenue of $163.26 million during the quarter, compared to analysts’ expectations of $152.30 million. Charah Solutions had a negative net margin of 1.67% and a positive return on equity of 15.08%. On average, equities research analysts anticipate that Charah Solutions will post 0.43 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its position in Charah Solutions by 180.4% during the first quarter. Wells Fargo & Company MN now owns 4,030 shares of the company’s stock worth $26,000 after buying an additional 2,593 shares in the last quarter. Macquarie Group Ltd. lifted its position in Charah Solutions by 226.8% during the fourth quarter. Macquarie Group Ltd. now owns 6,200 shares of the company’s stock worth $52,000 after buying an additional 4,303 shares in the last quarter. Strs Ohio lifted its position in Charah Solutions by 361.9% during the fourth quarter. Strs Ohio now owns 9,700 shares of the company’s stock worth $80,000 after buying an additional 7,600 shares in the last quarter. California State Teachers Retirement System lifted its position in Charah Solutions by 18.5% during the first quarter. California State Teachers Retirement System now owns 13,249 shares of the company’s stock worth $85,000 after buying an additional 2,066 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Charah Solutions by 37.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 19,137 shares of the company’s stock worth $123,000 after buying an additional 5,187 shares in the last quarter. Institutional investors and hedge funds own 23.29% of the company’s stock.
About Charah Solutions
Charah Solutions, Inc provides environmental and maintenance services to the power generation industry in the United States. The company operates through two segments, Environmental Solutions; and Maintenance and Technical Services. The Environmental Solutions segment offers remediation and compliance services, including development, construction, and management of landfills for coal-fired power generation facilities, and new and existing ash ponds; and active pond management services, such as clean closure, cap-in-place, and design and construction of new ponds.
See Also: Trading Ex-Dividend
Receive News & Ratings for Charah Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charah Solutions and related companies with MarketBeat.com's FREE daily email newsletter.